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Articles

Polish fund manager Pioneer Pekao enters Romanian market

Pioneer Pekao, one of the biggest investment fund managers in the region, has entered the local market.

Salaries in the private sector have an 8 percent increase în Q3 of 2016

Salaries in the private sector saw an 8 percent increase and bonuses went up 22 percent, in the third quarter of this year compared with the same period of last year, according to Smartree Workforce Index, an analysis conducted by Smartree, a company operating on the market of HR outsourcing.

The EUR 60 mln Veranda shopping mall opens in Bucharest

The 30,000 square meters Varanda shopping mall that Prodplast Imobiliare, controlled by Romanian businessman Florin Pogonaru, has been developing in the Obor area of Bucharest officially opened on 27th of October.

Romania’s M&A market shrinks 50 pct to USD 1.1 bln in H1 2016

The Romania market for mergers and acquisitions (M&A) has fallen by almost 50 percent to USD 1.1 billion in the first half of 2016, as opposed to USD 2.1 billion in the first half of 2015, according to the EY’s M&A Barometer.

Belgian Yves Weerts kicks off construction of EUR 33 mln Unirii View office building

Belgian real estate investor Yves Weerts has started works on an 18,000 sqm office building called Unirii View near Unirii Square in Bucharest. The project requires an investment of EUR 33 million and is scheduled for completion in the second quarter of 2018.

Luca Prest invests EUR 7.5 mln in a residential complex in Cluj Napoca

Luca Prest, one of the constructions players from Romania, has started the development of the residential complex Grand Hill Residence in Cluj Napoca, the total investments being EUR 7.5 million. It will placed in Buna ziua district and will comprise 148 apartments in a building with 10 floors.

British Romanian Investment Partnership to build New Residence Bucharest

British Romanian Investment Partnership is to build New Residence Bucharest, the second residential project developed in Romania following EUR 10 million investment.

CBRE: Nearly 139,000 sqm offices to be delivered in Bucharest by the end of the year

Nearly 139,000 sqm A class office spaces will be delivered in Bucharest by the end of this year, within eight real estate projects, according to CBRE.

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